Risk Financing and Captives Articles

Latest Articles

Reinsurance

To Commute or Not To Commute, That Is the Question

2003-07-01 | Larry Schiffer

The reinsurer's obligation to cede and pay claims continues many years after the termination of the contract, unless it is commuted. Larry Schiffer explains.

Market Practices

Binders and Confirmation

2003-05-01 | Peter Polstein

Peter Polstein discusses insurance binders and why the placing agent or broker must make absolutely certain that all parties fully understand the coverage ramifications.

Catastrophe Risk Management

Quantifying the Risk for Progressive Collapse in New and Existing Buildings

2003-03-01 | Nathan C Gould

Nathan Gould discusses the increased risk of progressive collapse in buildings due to terrorism and abnormal loading conditions, emphasizing the importance of standard guidelines and other mitigation measures.

Reinsurance

Who Owes Whom? Understanding Setoffs in Reinsurance

2003-03-01 | Larry Schiffer

There are many situations in reinsurance relationships where the concept of setoff may apply. Larry Schiffer explains the right, its origins, and its application.

Market Practices

Considering Alternative Risk Transfer

2003-02-01 | Peter Polstein

Peter Polstein examines the use of deductibles and self-insured retentions to help with the rising costs of insurance premiums.

Catastrophe Risk Management

Earthquake Performance of Nonstructural Components

2003-01-11 | Nathan C Gould

Nathan Gould discusses the critical impact of nonstructural components' performance during earthquakes, emphasizing the importance of stringent design requirements in building codes.

Market Practices

Insurance Coverage Specifications in the Hard Market

2002-12-01 | Peter Polstein

It's important to cover all the potential areas of loss your firm faces, even if insurance is not available or affordable. Peter Polstein reviews coverage extensions you should consider.

Reinsurance

When Errors Occur in a Reinsurance Relationship

2002-12-01 | Larry Schiffer

Larry Schiffer examines the errors and omissions clause in reinsurance policies, including its history, proper drafting, use and misuse, and court interpretations.

Captives

Actuarial Projections and the Captive

2002-11-01 | Michael R Mead

Actuaries are crucial to the formation and success of captives. Michael Mead discusses the role of the actuary in understanding claims, establishing premiums, and projecting profits.